The 3 Best Tech Stocks So Far This Year
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August is over, Labor Day is here, and we’re counting down the months to the end of 2019.
To start September, Barron’s is looking back at some of the best and worst performing stocks of the year so far. Below, we’ll highlight the three top-performing tech stocks in the S&P 500, as well as some other notable tech performances.
The S&P 500 is up 18% in 2019 through last week, while the Nasdaq Composite is up 21%.
Advanced Micro Devices (ticker: AMD ) is up 70% this year through last week. The chip maker has risen despite broader economic concerns, thanks to optimism about its business prospects and strong support from Wall Street analysts.
Synopsys
Synopsys stock (SNPS) is up 68% in 2019. The software company reported quarterly results and an outlook that beat Wall Street estimates in August, and some investors say the company’s tilt toward long-term deals offers protection from economic downside.
KLA-Tencor
Shares of chip-manufacturing equipment company KLA-Tencor (KLAC) are up 65% through until Labor Day. Some investors have deemed the company better positioned to withstand a downturn in the sector than its competitors, due to its exposure to technological growth areas and strong margins.
Other notable tech stocks
Streaming television company Roku (ROKU) is up 394%, while Netflix stock (NFLX) is up 9.7%.
Tech titans Apple (AAPL), Amazon.com (AMZN), and Microsoft (MSFT) are up 32%, 18%, and 36%, respectively.
Facebook stock (FB) is up 36%, while Twitter stock (TWTR) has gained 48% and Snap stock (SNAP) has added 187%.
